Tag: irs
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IRS Free File Still Available for Late Tax Filers
Taxpayers who missed the deadline can still file their 2025 federal tax return for free using IRS Free File. The service, available until October 15, helps eligible individuals claim credits and refunds securely.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyComputers and InternetEducation IRSTaxpayersFree FileTax ReturnFederal TaxFrank J. BisignanoOctober 15
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IRS Reminds Taxpayers: Free File Still Available for 2025 Returns
Taxpayers who missed the April 15 deadline can still file their 2025 federal tax returns for free using IRS Free File until October 15. This service helps eligible individuals claim valuable credits and refunds through secure, guided software or fillable…
Politics and GovernmentScience & TechnologyFederal GovernmentEconomyComputers and InternetEducation IRSFree FileTax ReturnTax CreditsFiling DeadlineFrank J. BisignanoGovernment Services
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Media Monitor: Judge Blocks Trump's 'Anti-Weaponization Fund'
Newsweek reports a federal judge has temporarily blocked President Donald Trump's "$1.776 billion Anti-Weaponization Fund," created by his Justice Department to settle his IRS lawsuit.
Politics and GovernmentBusinessWorldGeneral PoliticsFederal GovernmentElectionEconomyAsia Donald TrumpAnti-Weaponization FundJustice DepartmentIRSFederal JudgeLawsuitU.S. PoliticsNewsweek
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Media Monitor: Federal Judge Orders Trump Lawyers to Respond to Fraud Allegations
The Washington Post reports a federal judge has ordered lawyers for President Donald Trump to address allegations of fraud concerning an unusual settlement deal with the IRS, involving a $1.8 billion payout fund.
Politics and GovernmentLaw EnforcementBusinessFederal GovernmentLegalEconomyGeneral Politics Donald TrumpFederal JudgeFraudIRSLawsuitJudicial AuthoritySettlement DealThe Washington Post
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IRS Unveils New Look-Back Interest Calculator for Businesses
The IRS has released an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term construction and manufacturing contracts, aiming to simplify compliance with tax regulations.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and Internet IRSLook-Back InterestTax CalculatorLong-Term ContractsBusinessesTaxationFinancial Services
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IRS Unveils New Look-Back Interest Calculator for Long-Term Contracts
The IRS launched an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term contracts, aiming to simplify compliance with Form 8697 requirements and enhance taxpayer service.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentLegalComputers and InternetEconomy IRSTax CalculatorLook-Back InterestLong-Term ContractsBusiness TaxationTax ComplianceForm 8697
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Treasury and IRS Issue New Guidance for Sovereign Investors on Tax Exemptions
Treasury and IRS issued new guidance for Section 892 regulations, providing grandfathering protection and transitional relief to foreign governments and sovereign investors. This aims to maintain a stable environment for U.S. investment.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalFinancial MarketsGeneral Politics Foreign GovernmentsSovereign Wealth FundsSection 892IRSTreasury DepartmentTax ExemptionInvestment
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Treasury and IRS Issue New Guidance for Sovereign Investors on Section 892 Regulations
The Treasury and IRS issued new guidance for Section 892 regulations, providing grandfathering protection and transitional relief to foreign governments and sovereign wealth funds investing in the U.S., aiming to maintain economic stability and attract investment.
Politics and GovernmentBusinessUSAGeneral PoliticsFederal GovernmentEconomyFinancial MarketsLegal IRSTreasury DepartmentSection 892Foreign GovernmentsSovereign Wealth FundsTax RegulationsU.S. Investments
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IRS Unveils New Online Features for Trump Account Elections
The IRS has introduced new online features for Trump Account elections, allowing taxpayers to view status and submit Form 4547 electronically. This aims to simplify investing in these tax-advantaged accounts for children, established under the One, Big, Beautiful Bill.
Politics and GovernmentScience & TechnologyFederal GovernmentGeneral PoliticsEconomyComputers and InternetEducation IRSTrump AccountOnline AccountTax-advantaged accountsForm 4547One Big Beautiful BillChildren's savings
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IRS Unveils New Digital Tools for Trump Account Elections
The IRS has launched new digital features in Individual Accounts, allowing taxpayers to view and submit Trump Account elections electronically. This streamlines investing in these new tax-advantaged accounts for children, established by the One, Big, Beautiful Bill.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyFinancial MarketsEducationSocial Issues IRSTrump AccountTaxationGovernment ServicesFinancial PlanningOne, Big, Beautiful BillFrank J. Bisignano
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U.S. Treasury Details Extensive Public Contact Options for Services
The U.S. Department of the Treasury has outlined numerous contact points for public and business inquiries, covering tax assistance, fraud reporting, U.S. Mint services, and more, ensuring broad accessibility to its diverse operations.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingLegalEmployment and Labor U.S. Department of the TreasuryIRSU.S. MintContact InformationPublic ServicesFinancial AssistanceGovernment AgenciesUS Treasury
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IRS Expands In-Person Tax Help with Saturday Openings Through June 2026
The IRS will open many Taxpayer Assistance Centers on select Saturdays from February through June 2026, offering in-person help for various tax services, excluding cash payments, to assist taxpayers nationwide.
Politics and GovernmentBusinessFederal GovernmentEconomyEducationSocial Issues IRSTaxpayer Assistance CentersTax HelpSaturday OpeningsTax Services2026Taxpayer Resources
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IRS Announces Saturday Openings for Taxpayer Assistance Centers Through June 2026
The IRS will open many Taxpayer Assistance Centers on select Saturdays from February through June 2026, offering in-person help for various tax services, excluding cash payments. Taxpayers should check local listings for specific dates and services.
Politics and GovernmentBusinessFederal GovernmentEconomyEducationSocial Issues IRSTaxpayer Assistance CentersTax HelpSaturday OpeningsTax SeasonIn-person AssistanceTaxpayer Services
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IRS CEO, Senator Moreno Tout Working Families Tax Cuts in Ohio
IRS CEO Frank J. Bisignano and Senator Bernie Moreno toured Ohio, highlighting the Working Families Tax Cuts Act. Provisions include no tax on car loan interest for US-assembled vehicles, no tax on overtime, and enhanced deductions for seniors, benefiting millions…
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyEmployment and LaborSocial Issues IRSTax CutsOhioFrank J. BisignanoBernie MorenoDeductionsWorking Families Tax Cuts Act
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Media Monitor: Trump Tax Audits Halted; Obama-Castro Photo Resurfaces Amid Indictment
PolitiFact reports a controversial settlement permanently halts President Donald Trump's tax audits. It also covers the resurfacing of an Obama-Raúl Castro photo after Castro's indictment, sparking debate on Cuba policies.
Politics and GovernmentLaw EnforcementBusinessWorldGeneral PoliticsFederal GovernmentEconomyLegalLatin AmericaSocial Issues Donald TrumpIRSTax AuditsRaúl CastroBarack ObamaCubaJustice DepartmentPolitiFact's Ellen Hine
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Congresswoman Clark Denounces Trump's $1.8 Billion IRS Settlement
Congresswoman Katherine Clark criticizes a $1.8 billion IRS settlement involving Donald Trump, alleging it funnels taxpayer money to allies, including January 6th insurrectionists, and shields Trump from future audits. She calls it "mind-numbingly brazen corruption."
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentRepublican PartyDemocratic PartyEconomyLegal Donald TrumpIRSsettlementKatherine ClarkJanuary 6thcorruptiontaxpayer moneyCongresswoman Katherine Clark
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Media Monitor: Trump's IRS Deal Includes Bar on Past Tax Claims
The Washington Post reports an addendum to President Donald Trump's deal with the IRS, signed by acting attorney general Todd Blanche, bars the agency from pursuing past tax claims against Trump, his family, or his businesses.
Politics and GovernmentBusinessLaw EnforcementGeneral PoliticsFederal GovernmentEconomyLegal Donald TrumpIRSJustice DepartmentTodd BlancheTaxationLegal agreementAnti-weaponization fundThe Washington Post
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Media Monitor: New Deal Bars IRS Audits of Trump, Family, Businesses
USA TODAY reports a new deal prevents the IRS from auditing President Donald Trump, his family, and businesses, following years of disputes over tax payments.
Politics and GovernmentBusinessLegalWhite HouseFederal GovernmentEconomyGeneral Politics Donald TrumpIRSTax AuditsGovernmentPoliticsUSA TODAY
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Media Monitor: NPR Reports on San Diego Shooting, Primary Elections, Trump Lawsuit, and OpenAI Case
NPR is reporting on a fatal shooting in San Diego, key primary elections, President Trump's dismissed lawsuit against the IRS, and Elon Musk's failed suit against OpenAI, among other top stories.
Politics and GovernmentLaw EnforcementBusinessHealthGeneral PoliticsLegalEnvironmentArtificial IntelligenceSocial Issues San DiegoHate CrimePrimary ElectionsDonald TrumpIRSOpenAIRenewable EnergyNPR Breaking NewsNPR
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Media Monitor: Trump deal creates $1.8B fund for 'weaponized' justice system claims
The Washington Post is reporting that Donald Trump's deal to drop a lawsuit against the IRS establishes a $1.8 billion fund for individuals claiming to be targets of a 'weaponized' justice system.
Politics and GovernmentGeneral PoliticsFederal GovernmentLegalEconomy Donald TrumpIRSLawsuitJustice SystemTaxpayer DollarsTodd BlancheGovernmentThe Washington Post
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Media Monitor: Trump Family Drops IRS Lawsuit
USA TODAY reports that President Donald Trump and his family withdrew a $10 billion lawsuit against the IRS, which had been filed over the disclosure of his tax returns.
Politics and GovernmentLaw EnforcementBusinessGeneral PoliticsFederal GovernmentLegalEconomy Donald TrumpIRSlawsuittax returnsdisclosureLegal IssuesGovernmentUSA TODAY
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Media Monitor: Trump to Drop Tax Leak Lawsuit
The Washington Post is reporting that President Donald Trump's lawyers have stated he will drop the lawsuit concerning the leak of his tax filings to the media, according to a court filing.
Politics and GovernmentBusinessMediaGeneral PoliticsFederal GovernmentLegalEconomyDigital and Print Publishing Donald TrumpLawsuitTax FilingsIRSCourt FilingWashington PostThe Washington Post
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IRS Announces New Settlement Opportunity for Conservation Easement Tax Disputes
A new IRS settlement initiative targets over 1,100 conservation easement tax disputes, offering improved terms like deferred payments and lower penalties. Taxpayers are urged to consider the offer given past court rulings.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyLegal IRSConservation EasementTax DisputesSettlement OpportunityTax CourtFrank J. BisignanoKenneth J. Kies
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IRS Offers New Time-Limited Settlement for Conservation Easement Disputes
The IRS has launched a new time-limited settlement opportunity for over 1,100 conservation easement disputes. It offers more favorable terms, including no upfront payment for some, aiming to resolve cases more efficiently than previous initiatives.
Politics and GovernmentLaw EnforcementFederal GovernmentLegalEconomy IRSConservation EasementTax SettlementTax CourtTax DeductionsPenaltiesAbusive Tax Shelters